Vacancy rate falls

Every quarter, MGE publishes the rental vacancy rates by number, percentage and zip code. The vacancy rates for the first three quarters of 2014 were 2.25, 3.46 and 2.83, respectively. The vacancy rate fell to 2.39 in the fourth quarter but rose versus the fourth quarter of 2013.

The vacancy rate is the percentage of apartment buildings in MGE's service area that appear to be vacant because the gas and electric service is inactive or the service has been moved to the owner's name.

MGE assumes an apartment building is vacant if both gas and electric services are inactive or if the service has been moved into the building owner's name. This data should be used for educational or informational purposes only.